Flex (NASDAQ:FLEX) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Flex (NASDAQ:FLEX) from a buy rating to a strong-buy rating in a research note released on Saturday.

A number of other equities research analysts have also recently commented on the stock. Barclays lifted their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Argus set a $85.00 target price on Flex in a research note on Friday, October 31st. Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and issued a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Flex in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and an average price target of $66.78.

Flex Stock Down 0.3%

Shares of NASDAQ:FLEX opened at $63.02 on Friday. Flex has a 1 year low of $25.11 and a 1 year high of $72.22. The company has a market capitalization of $23.17 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The business has a fifty day moving average price of $63.70 and a two-hundred day moving average price of $60.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 0.88.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Flex had a net margin of 3.17% and a return on equity of 20.99%. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Analysts forecast that Flex will post 2.33 earnings per share for the current year.

Insider Transactions at Flex

In related news, CFO Kevin Krumm sold 21,406 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares of the company’s stock, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer owned 27,619 shares in the company, valued at $1,987,739.43. This represents a 26.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLEX. MTM Investment Management LLC purchased a new position in Flex in the 2nd quarter worth approximately $26,000. USA Financial Formulas bought a new position in shares of Flex during the 4th quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new position in Flex in the 4th quarter worth $28,000. Parkside Financial Bank & Trust lifted its stake in Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Flex by 238.3% during the third quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares during the period. 94.30% of the stock is currently owned by institutional investors.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.